Nippon Yusen Kaisha, Japan’s second- largest operator of dry-bulk ships, plans to more than triple its fleet of Capesizes serving India because of galloping demand for coal and iron ore in what is now the world’s fastest-growing major steel market.
In an interview given in Tokyo, Kazuo Ogasawara, general manager of Nippon Yusen’s bulker group, said the company plans to expand its total Capesize fleet to 120 from 95 by 2012-2013.
In an interview given in Tokyo, Kazuo Ogasawara, general manager of Nippon Yusen’s bulker group, said the company plans to expand its total Capesize fleet to 120 from 95 by 2012-2013.